Shanghai Serum Bio-Technology Co., Ltd. Class A

Shanghai Serum Bio-Technology Co., Ltd. Class A

SSSE:688163
30.63
CNY
-1.51
(-4.70%)
0.55EPS
88.73P/E
5.28BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.61
1
1.22
1.27
1.48
1.78
2.32
2.29
2.56
1.71
1.77
1.8
1.82
2.1
Basic EPS, GAAP
0.05
0.12
0.23
0.1
1.25
0.52
0.81
0.78
0.94
0.63
0.36
0.41
0.48
0.55
Free Cash Flow per Basic Share
-0.15
0.31
-0.14
0.1
0.03
0.3
0.7
0.99
0.79
0.41
0.04
-0.08
0.01
- -
Dividend per Share
0.04
0.08
0.06
0.03
0.4
0.47
0.04
1.3
- -
0.96
0.75
0.32
0.32
- -
Book Value per Share
0.68
0.77
1.22
2.31
3.07
3.17
4.15
3.61
4.55
10.36
10.03
10.12
10.28
10.35
Tangible Book Value per Share
0.45
0.5
0.94
2.04
2.89
3
4
3.3
4.26
10.14
9.81
9.91
10.07
10.15
Basic Weighted Avg Shares
81
61
62
70
81
81
81
81
81
102
108
108
108
95
Sales/Revenue/Turnover
50
60
76
89
120
144
188
186
209
174
190
195
196
200
Operating Margin (%)
19
19.81
25.23
15.75
40.66
41.94
44.39
45.34
43.72
34.81
19.98
27.39
27.96
29.47
Depreciation Expense
10
9
9
10
10
9
11
13
15
15
17
20
19
- -
Net Income, GAAP
4
7
14
7
101
42
66
63
76
64
39
44
52
52
Effective Tax Rate (%)
40.69
21.67
21.81
38.12
11.73
19.86
15.44
15.49
12.97
13.29
14.62
12.41
19.34
16.68
Profit Margin (%)
7.63
12.05
18.8
7.87
84.3
29.14
34.96
34.04
36.65
36.85
20.39
22.72
26.39
26.16
Working Capital
-32
-24
14
97
133
144
205
163
230
970
924
897
875
845
LT Debt
- -
- -
- -
- -
- -
- -
- -
14
13
12
12
4
4
4
Total Equity
56
63
99
187
249
257
337
293
370
1,122
1,086
1,096
1,113
1,120
Return on Invested Capital (%)
- -
4.18
8.9
3.43
41.64
16.22
21.74
19.69
22.13
8.5
3.51
4.14
4.7
4.73
Return on Capital (%)
- -
5.95
10.89
4.46
42.7
16.64
22.15
19.57
22.26
8.53
3.52
4.06
4.68
4.72
Return on Common Equity (%)
- -
12.31
17.65
4.88
46.36
16.64
22.15
20.05
23.08
8.61
3.51
4.06
4.69
4.73

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
4
4
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
108
108
108
Market Capitalization
2,356
2,994
5,282

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
912
891
901
Cash, Cash Equivalents & STI
798
765
742
Accounts Receivable, Net
36
49
76
Inventories
43
46
41
Total Current Liabilities
37
34
56
Payables & Accruals
- -
- -
- -
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
37.15%
45.76%
1.57%
Free Cash Flow
20.26%
-115.11%
-110.15%
Net Income, GAAP
128.44%
-0.69%
16.93%
Sales/Revenue/Turnover
10.93%
1.65%
0.66%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
26
72
75
22
195
2025
26
75
- -
21
196
2026
27
77
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.28
0.28
-0.17
0.41
2025
0.03
0.27
- -
-0.11
0.48
2026
0.01
0.32
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.12
- -
0.32
2025
- -
- -
- -
- -
0.32
2026
- -
- -
- -
- -
- -

Company Description

CEO
Tie Jiong Fan
Full Time Employees
330
Sector
Health technology
Industry
Biotechnology
Address
Shanghai China
IPO Date
Mar 11, 2022
Business
Shanghai Serum Bio-Technology Co., Ltd. is a Chinese biopharmaceutical company that specializes in the research, development, manufacturing, and commercialization of specialized antitoxins, antivenoms, and antiserum biologic therapeutics for critical emergency medicine and biosafety applications. Founded in 1999 and headquartered in Shanghai, China, the company operates as the sole licensed manufacturer of snake antivenoms in China, maintaining an integrated business structure spanning raw plasma sourcing, immunoglobulin processing, formulation, and commercial distribution. The company organizes its principal operations into three core biopharmaceutical product categories: Snake Antivenoms, Tetanus Prophylaxis and Therapeutics, and Rabies Passive Immunization. Its primary commercial products include monovalent snake antivenoms, consisting of Halys viper antivenom for pit viper envenomations, Deinagkistrodon acutus antivenom for five-pace viper envenomations, Naja atra antivenom for Chinese cobra envenomations, and Bungarus multicinctus antivenom for many-banded krait envenomations; equine tetanus immunoglobulin F(ab')2 formulations utilizing enzymatic cleavage and purification technologies to lower heterologous protein loads and minimize allergic reactions relative to conventional horse serum; and purified equine anti-rabies serum used for rapid post-exposure passive immunity following severe animal exposures. In addition to its core therapeutic lines, the company develops specialized in-vitro diagnostic products, including rapid snake venom detection and identification kits to aid clinical triage in emergency hospital settings. The company operates modern biopharmaceutical manufacturing facilities in Shanghai alongside a dedicated equine immunization and plasma collection base situated in Dafeng, Jiangsu Province. Its primary customer base encompasses public general and specialized hospitals, emergency medical centers, municipal and provincial disease control and prevention centers, and national and regional emergency drug reserves throughout mainland China, alongside select overseas public health stockpiles. In recent strategic and operational developments, Shanghai Serum Bio-Technology Co., Ltd. has advanced its clinical-stage pipeline, progressing clinical trials for novel emergency biologics including anti-bee venom serum and expanding research into broad-spectrum antivenom candidates and novel venom diagnostic platforms. The company has invested in the technical refinement of its F(ab')2 antibody fragment platform to enhance product purity, stability, and shelf life for emergency stockpiling. Furthermore, the company has implemented capacity expansion and facility modernization projects across its plasma processing and purification units to meet growing emergency reserve demands, while deepening collaborative relationships with public health authorities and emergency healthcare networks across the Asia-Pacific region following its listing on the Science and Technology Innovation Board of the Shanghai Stock Exchange.